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20121205
20121213
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CSPAN 10
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CNBC 2
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English 38
Search Results 0 to 37 of about 38 (some duplicates have been removed)
NBC
Dec 9, 2012 9:00am EST
/3 of shoppers said the fiscal cliff and other economic concerns would affect their holiday spending. the fiscal cliff will result in tax increases and federal spending cuts. >> both parties are kind of, hey, i'm going to do my thing, you're going to do your thing, nobody seems to want to give in. they're going to have to because this country's in a dire situation. >> many shoppers agree, as tax paying citizens, one of the top things on their wish list for christmas is for the president and congress to compromise and to get a deal done. >> please start working together and remember the people who put you in office. >> nadia ramdass, wbal-tv 11 news. >> jews around the world celebrated the beginning of eight-day hanukkah festival saturday evening by lighting the candles of the ceremonial lamps. in chicago, hundreds gathered to watch the lighting of an eight-foot menorah. also known as the festival of lights. hanukkah commemorates the jewish uprising in the second century b.c. against the greek syrian kingdom. the holiday lasts eight days. according to tradition, when the jews rededicated the temp
NBC
Dec 9, 2012 5:00am EST
spending. the fiscal cliff will result in tax increases and federal spenng cuts. >> both parties are kind of, hey, i'm going to do my thing, you're going to do your thing, nobody seems to want to give in. >> many shoppers agree, as tax paying citizens, one of the top things on their wish list for christmas is for the president and congress to compromise and to get a deal done. >> please start working together and remember the people who put you in office. >> nadia ramdass, wbal-tv 11 news. >> jews around the world celebrated the beginning of hanukkah saturday night. in chicago, hundreds gathered to watch the lighting of an overicized menorah. hanukkah commemorates the jewish uprising in the second century b.c. according to tradition, when the jews dedicated the temple in jerusalem, a single vial of oil burned for eight days. and some people celebrated hanukkah with a dance party. creative alliance hosted a party with music, dancing and singing. >> tonight is first night of hanukkah, the celebration that brings light into the darkness and we celebrate freedom and liberation movements and r
FOX Business
Dec 10, 2012 7:00pm EST
-team here tonight. stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size of our bloated government? the answer in tonight's chalk talk. >>> is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping the housing market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss that and much more when it comes to housing. in the mo
FOX Business
Dec 10, 2012 10:00pm EST
. we'll be taking that u with the a-team here tonight. stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size our bloatedgornment? the answer in tonight's chalk talk. >>is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing] [heartbeat, music playi loude ♪ i'm feeling better since you knome ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: thisong was created with heartbeats of children ineed. find out how it can help frontline e health workers bring hope to millions of children at everybeatmatters.org. lou: new rorts show foreign investment is heingthe housg market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss thatnd much more when it comesto housing. in the money lineonight, investors waiting cautiously to
CSPAN
Dec 11, 2012 10:00am EST
and we will have live coverage here on c-span. right now, a discussion on the fiscal cliff and domestic program cuts. host: we have been taking a look at different policy aspects of negotiations. before we get to that, sequestration -- if that happens, we're talking about automatic spending cuts for domestic spending. what is sequestration? guest: they used to talk about the vegematic which was a late night kitchen product that did the cutting for you. under the 2011 budget control act, congress was supposed to have a super committee that would determine about $1.20 trillion in deficit-reduction over 10 years. the backup plan was something that nobody wanted. that was across-the-board cuts of about $500 billion over 10 years ending in domestic spending. and another $500 billion in national security related spending. host: we are talking about a total of $109 billion in cuts. the non-defense part of that makes up about $38 billion. guest: of the mandatory past to do with the program's beneficiaries are committed to receiving by law. host: if this happens, let's begin with what is not on
CNN
Dec 11, 2012 4:00am PST
on negotiations to avoid the massive tax hikes and spending cuts that we know as the fiscal cliff. why did frankie muniz have a mini stroke sat age 27 in the former "malcolm in the middle" star will join us to talk to us about the health scare. >>> new world order, asia returning to the power it last held in the middle ages, what this means for the u.s. >>> i'm okay. >> a ceiling collapses in the middle of an interview, a storm tears through the south. we'll have an update on the damage straight ahead. >>> we're rocking out this morning, juk lavell, the fifth rolling stone will talk about the stones tour, tuesday, december 11th and "starting point" begins right now. >>> welcome back, bob shrum, ryan lizza, from "the new yorker" john berman have a seat, christine romans sticking around to help us out. our "starting point" zipped lips on capitol hill, how rare is that. if silence is golden maybe we'll have a deal on the fiscal cliff crisis sometime soon. there's 21 days left before the tax hikes and spending cuts kick in to send us over the cliff or down that gentle slope as some like to call it. co
Current
Dec 12, 2012 9:00am PST
's spending cuts? the longer the white house walks this process the closer our economy gets to the fiscal cliff. >> stephanie: how many times can the president say it? you know, this is not negotiable. tax rates have to go up on the wealthiest. >> right. well you know, it is a very strange situation. it does feel a lot like groundhog day. but i think john boehner knows what's going to happen and right now, what he's trying to do is make a deal that won't cost him his speakership and it also won't be undermined by people in his caucus. he needs to have a significant share of republican's vote for whatever we do and i think he's trying to do that. that's why he sent us home a day early last week and canceled business this week. i think he's trying to keep his own people out of town so he has more flexibility in coming up with a solution. >> stephanie: you know it seems to me, representative, you described it exactly right. that's the problem is that they're doing what's best for them politically and you know, the president
CNN
Dec 11, 2012 2:00am PST
in the fiscal cliff crisis. it's getting quiet on capitol hill. 21 days remain before the tax hikes and spending cuts kick in, and congress breaks for the holiday, at least they are scheduled to, on friday. this is what you need to know. the president on the road pitching his tax plan to workers at a truck plant in michigan. house speaker boehner were conducting behind the scenes talks with the white house. and the posturing and finger pointing in washington suddenly stopped. we have more from washington. the sounds of silence may be the sounds of progress? >> potentially. we hope so. we don't really know. we're forced to read the tea leaves essentially, john, because neither side is giving details about the substance of discussions. let me read a statement from john boehner's press secretary. "discussions with the white house are taking place, but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balance
CSPAN
Dec 12, 2012 10:00am EST
be directed to new spending instead of deficit reduction. the fiscal cliff must be averted to protect our economy for future generations. yesterday, house speaker john boehner asked the president to identify specific cuts he's willing to make for a balanced approach. i hope the president will take immediate action so progress can be made for a bipartisan solution. in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. the speaker pro tempore: the time of the gentleman has expired. the chair recognizes the gentleman from new york. >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: the gentleman is recognized. mr. mig-ins: mr. speaker, there are many lessons to be learned in the wake of the hurricane that devastated parts of new york and new jersey. one of which is the importance of electronic medical records and health information technology. while many hospitals and medical centers were damaged by the storm, hospitals that employed electronic medical records were able to ensure that vital health info
CSPAN
Dec 11, 2012 8:00pm EST
about something that is on everybody's mind, the fiscal cliff. oh my goodness, the fiscal cliff is now just -- wow, 20 days away. so what are we going to do? some have suggested that we really have to deal with entitlements. and i'm here to agree that we can and we should deal with entitlements. certainly two of those issues, which i really don't think we ought to call entitlements but are fundamental programs here in america for americans, should be dealt with. one that some people want to put on the table really doesn't deal with the deficit at all, and that's social security. so before we even get into this discussion tonight, let's just understand or anybody that cares to take on this issue that in dealing with the fiscal cliff, social security is not the problem. the deficit is not caused by social security. social security has never been and in its present form, will not be part of the deficit issue. it's separate and apart. it is a special program. has its own source of revenue. has its own trust fund and isn't running the deficit at all and has not run a deficit. so let's put s
CSPAN
Dec 6, 2012 12:00pm EST
in mandatory across-the-board spending cuts over one year, to drag our nation over the so-called fiscal cliff. what those tax increases mean to an average american family of four earning $50,000 a year is over $2,000 in higher income taxes. add to that expiration of the alternative minimum tax patch, new taxes mandated by the federal health care bill, and the reinstatement of the death tax, which will impact the next generation of farmers, ranchers, and small business owners, which americans will see the largest tax increase in the history of our country. if all of this happens, the congressional budget office predicts the nation's economy will shrink next year and the unemployment rate could rise again. in other words, we go back into recession. i believe we can avoid the fiscal cliff and address our massive deficit but that requires doing three essential things: reforming our tax code, reforming entitlement programs, and better controlling our spending. we can get additional revenue by reforming our tax code. that means closing loopholes and limiting deductions. by closing loopholes and lim
FOX News
Dec 9, 2012 1:00pm PST
of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm against any tax increase
Current
Dec 5, 2012 9:00am PST
is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended florida's voting mess saying he had no regrets. wewewewewewewewewewewewewewewewewewewewewewewewewewewewewewe on to me now? you know the the kind of guys that do reverse mortgage commercials? those type. those types are coming on to me all the time now. >>> she get's the comedians laughing... >>>that hilarious. >>>and the thinkers thinking. joy>>>okay so. there's wiggle room in the ten commandments is what you're telling me? >>she's joy behar. joy>>>and the best part is that current will l
CSPAN
Dec 6, 2012 7:00am EST
. ♪ host: we will spend about two hours this morning on the "washington journal" talking about the fiscal cliff. we want to start off hearing from you on a different topic. what do you think about hillary clinton's future and her running for president in 2016? that is our question this morning on the "washington journal." you can start dialing in now, or you can contact us via social media. you can make a comment on our facebook page. you can also send us an e-mail. from "the hill" newspaper yesterday -- a new poll by abc news and "the washington post." 57% say they support a presidential bid from every clinton in 2016. -- from hillary clinton in 2016. 68% approved of her work as secretary of state. 66% hold a favorable view of clinton after her department has faced criticism over the handling of benghazi and libya. clinton also has heavy support in new york were 54% of registered voters say they would support a presidential bid by her in 2016. that is an "the hill" newspaper. we have lots of facebook comments already on this question. we want to share a couple of those with thieu. jackie
CNN
Dec 5, 2012 2:00am PST
over the fight in the fiscal cliff. americans face crushing tax hikes and severe spending cuts in 27 days if democrats and republicans cannot come together on a deal. by the way, congress breaks for the holidays in ten days. slash that number. in an interview with bloomberg news, the president made it crystal clear he's not about to blink on the issue of tax hikes for the wealthiest americans. >> we'll have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> white house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted against democrats. now we understand there are issues amongst republicans as well. >> that's right. they're in a tough spot here. they don't want to be in left in a position of being blamed for the fiscal cliff. you're seeing a division between house members and senate members. the reason for this is mainly over the 800 billion in new tax revenue. this was part of john boehner and plan. those tea party-backed co
CSPAN
Dec 11, 2012 1:00pm EST
the conversation over to the spending cuts and the fiscal cliff negotiations. two questions on that. one is, does that suggest that there is movement, so we're no longer talking about tax cuts or tax increases? and where is the administration, i know you guys have argued back that they have provided details on spending cuts, but are you prepared to offer more? today you have a letter from c.b.o.'s urging that spending cuts, entitlement adjustments and so forth be a multiple, a greater multiple than revenues. is the white house prepared to do more on that front? >> let me take your questions in relative order. first of all, i did hear what the speaker of the house had to say. and i would note that if there is one fact that should not be in dispute it ought to be this, the president, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals. it is a simple fact that the president put those forward to the nat so super supercommittee in september of 2011. and that he again in the process of these negotiations put them forward as his pos
FOX Business
Dec 5, 2012 9:20am EST
, vis-a-vis the president on how to avoid the fiscal cliff or what we should do about tax increases and spending cuts. if mr. boehner is the principal negotiator, what he had to say lasted all of 30 seconds. he simply came out and said look, if the president doesn't agree with our plan, the republican plan, he should submit a plan that could pass through congress. he has failed to do that. he said, however, and he used these words, that speaker boehner and the republicans are ready and eager to negotiate with the president. doesn't sound like there's any degree of compromise there. there's an extremely short statement, really didn't say much of anything. that's it, speaker boehner. mr. cantor is now speaking. again, he's keeping it very very short and very much to the point. but the principal negotiator had all of 30 seconds. that's it. we brought it to you live. >>> back to the judge. >> well i was sort of hoping he would say no new taxes no new spending no new borrowing, draw a line in the sand, do what you were sent there to do. they are becoming enablering of obama -- they are b
MSNBC
Dec 8, 2012 11:00am PST
changes to entitlement spending by the end of these fiscal cliff negotiations. it looks like democratic leaders are right now warming to the idea of raising medicare premiums for wealthier people. you in the past have been somewhat outspoken in terms of your opposition to the idea of altering entitlements in a dramatic way. are you changing your tune? >> no. however, i will say this. we have taken seriously the fact that we have an obligation to our seniors, that medicare has worked for millions, almost 450 million americans, seniors mostly but disabled. and we want to start the discussion about medicare with the promise we are going to keep medicare and find a way to contain the rate of growth in costs under medicare and all health care been helpful. >> sure. >> but we'll meet that obligation to our seniors. that's where i think we start. >> it sounds like you are open to the idea, then, of some tweaks to medicare, to some tweaks to entitlements for revenue. >> my conditions are -- and i think this is true for most democrats -- is that we maintain the universality of medicare, all seni
CSPAN
Dec 12, 2012 7:00am EST
-called fiscal cliff is more likely if both sides do not try to overreached on spending cuts. "congress and the white house need to agree on a plan for taxes and spending." john boehner and president obama spoke on the phone yesterday, a day after the president offered to reduce his initial demand in higher tax revenue over a decade to $1.4 trillion. speaker boehner countered with another offer. and lawmakers were expressing pessimism that a deal was close leading kevin mccarthy to say, i think it is getting worse and not better. stock futures are higher as investors wait for news on whether the federal reserve will announce a new stimulus plan today. regulators have launched three rounds of quantitative easing since the crisis hit. ben bernanke will be held in news conference and you could hear live right here on c-span radio. those are some of the latest headlines on c-span radio. [video clip] >> the white house was very controversial. l'enfant designed washington city. there was a competition and he submitted the design for a palace. americans were not having a palace. it was not par
FOX News
Dec 5, 2012 6:00am PST
. martha: west virginia senator joe manchin, a democrat discussing the fiscal cliff, social security within medicare. he believes they must be run more efficiently. >> last year the office of budget management says $115 billion was misspent. that's a tremendous savings right there. they are both much lower than everyone says we need. all economists say we need a minimum of $4 trillion or greater swing. that means a combining of many things. i think both of them are in the two or not much more than two or lower than two. that only goats you halfway there. i don't know how we got off track of what we really need to fix this. martha: he argues the economy is ready to take off if people would just stop playing the blame game. bill: one of the changes that may be coming is the reduction in the mortgage interest rate duck you can claim. but according to the i.r.s. only a small percentage of americans claim it after all. all. 37% in maryland and 15% in north dakota. 73 per of americans are opposed to changing that. martha: the owner of popular restaurant chains claims complaints about obama-care h
CW
Dec 6, 2012 12:00pm CST
could happen if the u.s. a economy goes over the fiscal cliff. economists surveyed said one and a half million americans could lose their jobs if lawmakers fail to come to an agreement and the automatic spending cut impact increases. forces are keeping an eye on some debts for a budget bill. the nasdaq gained due to a rebound by apple. the number was triggered by reports that it would lose shares to its rival google. apple is trying to regain market share from samsung. the to tech companies are back in court today to get it out over a $1 billion patent fight. meantime nationwide insurance is warning customers that its computers networked had been attacked. customers' names birth dates social skirted numbers and driver's license numbers were likely stolen. nationwide is apologizing and are offering customers an identity that protection for one year. start planning did vacations, walt disney new fantasyland is officially open. this is after what may be the biggest expansion in the orlando parts 41 year history. the estimated $300 million magic kingdom makeover includes giving up our g
CW
Dec 10, 2012 12:00pm CST
at the white house to discuss how to resolve the fiscal cliff. few details were released about the meeting. if lawmakers fail to strike a deal before the end of the year automatic tax increases and spending cuts will go into effect. the one-on-one meeting was the first between the two leaders since election day. a member of the dallas cowboys is out on bond, after being charged in a crash deadly crash that killed a teammate over the weekend. defensive lineman josh brent was released on half a million dollars bond yesterday. authorities say he was speeding on saturday, when he hit a curb. the vehicle then flipped over and caught fire. cowboys linebacker jerry brown was killed. brent is charged with intoxication manslaughter. brent and brown formed a lasting friendship when they played together at the university of illinois. back in 2-thousand-9, brent also served a 60 day sentence for a d-u-i in champaign. investigators are looking into the cause of a plane crash that killed a mexican-american singer in northern mexico. jenni rivera and at least four- others were killed when their jet cr
CNBC
Dec 10, 2012 9:00am EST
stories of consumer spending starting so slow. and in part, they cite the fiscal cliff. i think if you were out there, you would get answers that would not necessarily describe it correctly. >> it's a shame it's called fiscal cliff. and called radical tax increase. it was meant to cause a recession. the government felt in its infinite wisdom that -- >> you think it's a radical tax increase? >> i think so, yeah. i think you'll notice it in your paycheck for certain. >> that's absolutely for sure. >> your first check, second paycheck, then you get the chaos that bowles mentioned. and the chaos is, wow, i have much less to spend. i didn't know this was coming. alternative minimum tax being the silent killer who really understands how much more they have to pay, check at the end of the year. do the math. >> we saw it in the consumer sentiment numbers, and what it will be when the increases actually go through. most of that decline in sentiment that we saw on friday was from households earning more than $75,000. a higher income in this survey, households felt it the most, even though it's n
Current
Dec 5, 2012 3:00am PST
of the business round table, amid a debate over the fiscal cliff. the group is urging congress to take immediate action to avoid those automatic tax increases and spending cuts come january. president obama is saying that with the way speaker boehner plan stands now, no deal. >> unfortunately the speaker's proposal is out of balance. we will have to see the rates on the top 2% go up and we are not going to be able to get a deal without it. >> that was an exclusive with bloomberg t.v. and the first televised interview since the president's re-election. as you heard, taxes are the big issue blocking this deal from taking place. president obama is calling for downhill the amount of tax revenue as speaker boehner over the next tens years, most from the nation's top earners. many. republicans say that's not the way to handle this. here is marco rubio. >> it wouldn'ting make a small bent in the debt but it would heard middle class businesses. >> the g.o.p. could be risking a civil war over this issue. it does not look like obama is ready to cave. if that forc
FOX News
Dec 9, 2012 9:00am PST
. >> thank you, shannon. >> still to come on america's news headquarters, fiscal cliff fiasco. enough about tax rates going up, the outrageous thing virtually no one's talking about is our spending problem. america is $16 trillion in debt and counting. how much does each american -- you! owe? we'll break it dowfnlt regulation nation. the federal government wants to take away people's homes, tear them down and plant grass, all in the name of environmental cleanup. democrats and robberies robberie joined forces to fight back. >> isn't there anyone who know what is christmas is all about? >> everyone loves charlie brown, right? not so fast. the beloved cartoon character is caught up in a war on christmas. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >> the holidays are a time for giving and a perfect time to remember those who have helped to save o
CSPAN
Dec 9, 2012 7:00am EST
to go up. a lot of americans to not know a lot about the fiscal cliff. the confidence and a market reaction is very different than the spending cuts and tax increases. here is the fundamental point. i could be wrong, it happened once. why find out? it is irresponsible to govern the country this way. the sequester and across the board cut, it is bat policy. everybody knows it is bad policy. we are very close to doing it. i find the whole situation unsatisfying. host: our phone lines are open and you can also send us an e- mail. you work for a number of members of the democratic party. you work for the president. a question that comes up often is why there is a partisan divide. what has changed over the last 20 or 30 years? guest: we only have an hour so we cannot go through all of that. there are a lot of things. there are some extraordinary changes. politics as a con tact sport is a substantial change from when i worked on the hill. they did not agree on anything, but they enjoy each other's company. i have seen with my own eyes republicans and democrats refuse to get on the same e
FOX Business
Dec 7, 2012 4:00pm EST
: rich edson, thank you very much, rich. lauren: with all the uncertainty surrounding fiscal cliff should you invest differently right now? david: one economist says investors have to look beyond the fiscal crisis. we have senior economist at oppenheimer fund joins us now. more than that, what you say you've got the perfect split. -p60/40, 60 being equities and 40 being dot, dot, dot, something else. how do you devise, some people are gold bugs say it is all gold. cash bugs, say you have to be flexible, keep it in cash. how do you divide the 40% not in equities? >> first of all we took a step back and looked how investors allocated portfolio. there is generally 60/40 split between stocks and bonds but 60% predominantly in domestic ex-quits and 40% in high grade economic instruments. david: none is in the cash. >> cash, government relate the ed securities. if you look at 40%, that might have made sense 30 years ago when yields on treasurys were siinificantly higher and inflation was falling for a 30-year time period. if you look at it yields are paltry. what do you need to do? we talk abou
CSPAN
Dec 12, 2012 5:00pm EST
of a fiscal cliff. we did not arrive there by not paying enough taxes. the federal government spends insane amounts of money and even by reducing us all to serfs, the taxes will not cover the spending. well said. here's jerry from lamar. she said, please stop spending our money. walk away from the table if they're not willing to stop wasting our hard-earned money. reform the entitlements and lower the taxes. nothing else in my opinion is acceptable. do not go back to the clinton era. that administration led use in a recession and do not raise the inheritance tax. and then listen to this, she said, i am from a family of farmers. that will kill our family and many others and make it impossible to keep farms that have been in our family for generations. that is the most unfair tax there is. this country will not survive more blows to small business and the middle class. stop the insanity and stop it soon. and finally from patrigsa in jefferson city, she said, i want to voice my opinion on what's happening in washington right now. politicians have put us in this mess with excessive spending. i
CSPAN
Dec 7, 2012 7:00am EST
with the fiscal cliff? would you be ok if we went over it? caller: i would not be happy about it, but yes. what is the answer, raise more taxes? they will just spend it. it will not spend it to knock down the debt. they would just say, more money for us to spend. what is the point? until they come to the table ready to slow down spending and cut out entire agencies. we are a in big 8 -- we are in big trouble. a tweet -- i want to go now to the democratic line, dorothy is waiting from marble falls, texas. caller: good morning. i think they are missing the boat. what i suggest need happen is, it needs to be solved after an immigration level. most countries do have to put up some kind of bank account to bring your family across the border. if we had a family of four trying to sustain a citizenship here, they should go put up some money in the bank account for a couple of years. as long as there are no other children being born, they do not get host: penalized will this solve the fiscal cliff issue we are facing? caller: yes, if you have money in the bank for every family of for wanting to cross th
CSPAN
Dec 12, 2012 1:00pm EST
of problems in this country and that's why the fiscal cliff, this thing is not the result of taxes, it's as a result of spending and too many people not having jobs to be able to pay in not just their taxes but to be able to sustain our economy. and so we have millions of people that are unemployed and drawing unemployment compensation. we are seeing disabilities rise at a rate of 16% every year. one thing which we note that just before president obama took effect, white house figures show the federal budget was $2.9 trillion. next year's estimate is going to be $3.8 trillion. this is a 31% increase in spending in just four years. we have someone as the president, our great president, who is hung up on taxing and spending. what we need is a house of representatives that's hung up on jobs and job creation. the american product. entrepreneurship. creativity. competition with the world. the next new great ideas. not that will come from this body but from the creativity of the american people. this is what republicans are trying to keep alive in our country. the idea of self-reliance and w
CSPAN
Dec 4, 2012 11:00pm EST
by spending cuts at the first of the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it continues to stop. or if you don't like that, if your worst eyes, i suggest that you does not dismount. in lieu of that retirement, i decided to set up the foundation to increase awareness of long-term debts and get solutions. never in my experience have these things are more closely linked, in the words of mike mullen. we are endlessly reminded that everything must be on the table, including defense, which
CNBC
Dec 7, 2012 6:00am EST
's an electronic thing. they're typing it essentially. >> will the resolution of the fiscal cliff and even some progress on our long-term problems, knowing that at best we're just putting off austerity, sooner or later it's coming, right? higher taxes and lower government spending, right? you combine that with reinhardt, rogoff and the idea we're in a 2% world all of a sudden, would doing the fiscal cliff make it possible to do 5% or are we just -- we know austerity's coming and we know -- i'm saying we've got a lot of debt -- i'm saying that we are maybe in a new -- we might be in a new normal. is there any reason to think we could do a 4% or 5%? >> nobody wants to take an automatic hit. the number you want to achieve and achieve it quickly, that's one aspect, but no one wants a huge hit, for example, to defense spending. >> do you think we'll get to 7% in unemployment? >> i do. 6.9%. >> even though we're facing the same kind of austerity as europe. >> i think american companies put americans back to work. >> and freeing up the corporate cash will overcome -- >> get rid of the uncertainty. >>
Current
Dec 7, 2012 3:00am PST
and they had tax revenues to pay for it. it's one of the reasons why the fiscal cliff could be as bad for the economy. if state and local governments are continue to cut back or not spend, still hoarding catchsh and consumers aren't spending ex is for a new iphone the one positive input to the gdp right now, maybe not in six months but right now, the one positive input is the fed recall government. if the federal government through the fiscal cliff is going to withdraw $600,000,000,000, which is what the live would do, it will throw us back into a recession. >> that's just what we don't need now. >> bill: i was going to ask you and i think you are getting to it already is what now does president -- two things: what does president obama say he will have an opportunity somewhere today, what does he say about these numbers? two, can he use these numbers to bolster his case for a deal on the fiscal cliff? >> the answer first of all, f they were to dahl me i would say don't take a victory lap because it's 7.7% unemployment. if you are under employed or you have
CNN
Dec 7, 2012 1:00pm PST
. it sits along the mississippi river. if congress allows the country to go over the fiscal cliff, the effects felt here could be dramatic. first and foremost, there's the rock island arsenal. if congress doesn't act, defense spending will be slashed by 55 billion next year, 450 billion over ten years, which many fear could put the arsenal in jeopardy. established in 1862, the arsenal is home to the army sustainment command, the first army, and the national cemetery. it's also the largest government run military manufacturing facility in the country. the arsenal is the area's largest employer, and though it is not clear how any cuts would impact the installation specifically, the mere prospect has people worried. >> there's approximately 8,000 jobs on arsenal island with various commands located there, and the average salary, not including benefits is about double on the island what it is off island. >> reporter: next, health care, another major employer in the quad cities. if congress doesn't act, medicare reimbursements will initially drop by 2%. trinity medical center in rock i
CSPAN
Dec 5, 2012 9:00am EST
as we come to the year end that we have a major deal which we must have on the fiscal cliff that we also include the farm bill. because with the farm bill we save $23 billion over what we've been spending the last few years. so let's get to work and get this done. thank you, madam president. i yield the floor. i ask unanimous consent that the following members of senator baucus' staff be granted floor privileges during the consideration of h.r. 6156. that would be lisa pearlman, rebecca nolan, owen hockey and dan rusk. the presiding officer: without objection. ms. klobuchar: i yield the floor and i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: the presiding officer: the senator from rhode island. mr. reed: i ask that the quorum call be dispensed with. the presiding officer: without objection. mr. reed: i ask unanimous consent a dealee to the committee on banking, housing and urban affairs, katharine topping be granted floor privileges for the remainder of this session. the presiding officer: without objection. mr. reed: thank you. we all
Current
Dec 12, 2012 6:00am PST
believe in the sanctity of murder. >> stephanie: middle of the fiscal cliff debate and spending cuts. they hired government expense a lawyer many consider the finest supreme court hit gator of the moment. they're not just going through the moments as paul clement said. so far a total of two million for legal proceedings. there is going to have to be more as they go forward with this. >> right. >> stephanie: to me, clearly unconstitutional. so we're spending money -- they're spending money to defend this because nobody wants to defend it anymore. >> that's the goofy part. and they're having a hard time. when you've got george will coming out saying it is time to put this behind us, this is old people who are against this for the most part, the issue they have is that they're like okay, we need to reshape our image. we need to reshape our message. but the core of what they believe isn't shifting at all. immigration policies -- are racism. >> stephanie: their argument about this. and its oogieness. legal definition
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